GEIGER DUANE 4
4 · BIGLARI HOLDINGS INC. · Filed Jun 25, 2010
Insider Transaction Report
Form 4
GEIGER DUANE
Interim CFO, VP, Controller
Transactions
- Tax Payment
Common Stock, stated value $0.50 per share
2010-02-06$324.92/sh−86$27,943→ 1,478 total - Discretionary Transaction
Common Stock, stated value $0.50 per share
2010-06-23$309.01/sh+105.914$32,728→ 105.914 total(indirect: By 401(k)) - Discretionary Transaction
Deferred Compensation Obligations
2010-06-23$309.67/sh+6$1,858→ 6 total(indirect: by Non-Qualified Savings Plan)→ Common Stock, stated value $0.50 per share (6 underlying)
Footnotes (2)
- [F1]Represents shares withheld to satisfy tax withholding obligations upon the vesting on February 6, 2010 of shares of restricted stock awarded to the reporting person on February 6, 2007, which shares were automatically withheld in accordance with the terms of Biglari Holdings Inc.'s (the ''Registrant'') 1997 Capital Appreciation Plan, as amended.
- [F2]Represents unsecured obligations of the Registrant to pay deferred compensation in the future (the "Stock Units") in accordance with the terms of The Steak n Shake Non-Qualified Savings Plan (the "Plan"). Each of the Stock Units is the economic equivalent to one share of Registrant's Common Stock, stated value $0.50 per share ("Common Stock"). The Stock Units are settled in cash or may be transferred by the reporting person into an alternative investment account in accordance with the terms of the Plan. No distributions are made pursuant to the Plan in shares of Common Stock.